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• <br />• <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 12 -119 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE AREA AND <br />UNIT FUND TO THE 2005B G.O. IMPROVEMENT BOND DEBT SERVICE FUND <br />WHEREAS, the 2005B Bond Debt Service Fund has a deficit balance; and, <br />WHEREAS, a portion of this issue refunded the original 1998A bond issue, and <br />WHEREAS, these bonds were originally sold to finance 1997 and 1998 Construction Projects, and <br />WHEREAS, resources of the Area and Unit Fund were pledged toward the retirement of the <br />1998A Bond issue. <br />NOW, THEREFORE, BE IT RESOLVED, that the following transfer be adopted: <br />Increase Decrease <br />Imp. Bonds 2005B (328) $375,078 <br />Area and Unit Fund (406) <br />$375,078 <br />Adopted by the Council of the City of Lino Lakes this 10th day of December, 2012. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Roeser and was duly seconded by Council Member Rafferty and upon vote being <br />taken thereon, the following voted in favor thereof: <br />Roeser, Rafferty, O'Donnell, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />Juli., e Bartell, City Clerk <br />